Wednesday, August 5, 2009

Avago Technologies Completes IPO

Avago Technologies, a leading designer, developer and global supplier of analog semiconductor devices, completed an initial public offering of 43,200,000 ordinary shares at a price to the public of $15.00 per share. The stock trades on Nasdaq under AVGO.

Avago Technologies, which is co-headquartered in San Jose, California, began operations in December 2005 after being divested by Agilent Technologies to Kohlberg Kravis Roberts & Co. (KKR) and Silver Lake Partners in a deal valued at $2.66 billion. The group previously was Agilent's Semiconductor Products business.

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